Business terms and jargon
explained. Your business dictionary

What is Net Book Value

Is the cost of an fixed asset less depreciation. E.g., a computer cost £5000 one years ago and was depreciated by £1000 for the year. The net book value will be £4000. If the asset continues to be depreciated by £1000 each year then after four more years the net book value would be zero.

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.